- BEV market status quo “not sustainable” – CFO
- Operating profit down 6.8% to 4.8 bln euros in Q3
- Pricing competition, supply chain snags weigh on earnings
- Adjusted returns for cars expected at lower end of forecast
BERLIN, Oct 26 (Reuters) – Mercedes-Benz (MBGn.DE) said a “brutal” electric vehicle market of heavy price cuts and supply chain issues meant it would likely hit the lower end of its 12-14% adjusted return on sales forecast for the cars division, as third-quarter earnings…
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